QUESTION 2:i)At an estimation meeting, the effort estimates for task x was recorded from all presentas follows.ResourceEstimate (day)1.Boris JohnsonFumio Kishida42.43.Ismail Sabri Yaakob4.Joe Biden4Lee Hsien LoongMia Mottley7.5.46.3.5Narendra Modi48.Pedro Sánchez7.59.Scott Morrison410.Vladimir Putin3.511. Xi Jinping3.5Assume that it is not known at this time who will be assigned to work on this task,calculate the effort needed for this task.ii) Interpret the difference between the standard deviation for a triangular versus a PERTestimate and provide your justification for your answer.

Here, I could determine the estimated effort needed for the task using PERT distribution and…

Answered: Assume that it is not known at this…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Q1(c) In a resource-constraint scheduling, the project manager is required to apply a resource smoothing technique. Give 3 goals of resource smoothing.
Q1:243 A project manager should have many skills. Describe two of these skills by providing a scenario in your choice to show how your selected skills are necessary. A description of the scenario’s environment is required for a better understood of the project manager qualities.
Question: A Hospital Management System Development Project has a budgeted cost of Rs. 11,900,000/-. The project is to be completed in 11 months. After 4 months, you have completed 24 percent of the project at a total expense of Rs. 1,475,000/-. You, as a Project Manager, needs to submit the monthly performance report to the Steering Committee. Based on EVM methodology, please identify the current progress of the Project. Find Budget at Completion (BAC), Actual Cost(AC), Planned Value (PV) and Earned Value (EV). Calculate the Project Health by finding values of Schedule Variance (SV), Schedule Performance Index (SPI), Cost Variance (CV) and Cost Performance Index (CPI). What these value shows? If the project continues at the current pace, what will be the true cost of the Project or Estimate at completion of the project. What actions, You would suggest or take as a Project Manager, to keep the budget and time under control.
Q1: An electrical engineer wants to finish his new device production project within 47 days to meet his contract deadline. Explain what he should do to meet his plan. The project information is listed below. Please ignore the indirect cost. Time Crash Normal Crashed Activity Predecessor Normal time Cost $ cost $ (days) (days) A 12 9 $210,000 $270,000 B 23 18 ----- $410,000 $460,000 C A 15 12 $290,000 $320,000 D B 27 21 $440,000 $500,000 $350,000 $410,000 E C 18 14 F E 6 4 $160,000 $210,000
Time estimates Activity Optimistic Most Likely Pessimistic Time (ET) a A 31 B 44 C 48 72 D 22 34 Assume each time estimate consists of one data point m 40 50 Start 60 31 A b 49 56 B Expected Variance (0²) End 1) What is the estimated expected (mean) time for activity C? A. 48 days B. 72 days C. 44 days D. 60 days E. 100 days
time (hours) pH 7.00 7.30 6.99 7.00 Assignment 1 2 7.12 7.25 7.12 7.20 3 720 7.16 720 7.16 4 6.98 7.00 6.94 7.00 5 6.99 6.99 6.99 6.98 6 7.00 6.93 7.02 6.93 7 6.92 7.00 6.92 7.02 Construct the X-Bar charts and R- charts 6.88 6.82 6.94 6.99 7.10 7.00 7.00 7.00 for reporting your results 10 721 7.02 721 7.04 11 7.01 6.86 7.01 6.90 12 6.86 6.98 6.90 6.98 13 6.90 7.00 6.87 7.00 14 7.01 7.04 7.01 7.05 15 7.00 6.95 7.00 6.99 16 7.09 7.20 7.03 7.20 17 6.89 7.14 6.87 7.15 18 6.98 6.80 6.98 6.89 19 7.00 6.90 7.00 6.90 20 7.20 7.00 723 7.00 21 7.04 7.03 7.08 7.00 22 6.90 6.92 6.98 6.92 23 7.00 7.00 7.00 7.00 24 7.00 6.97 7.01 6.98
Task No. Task Name Task Duration(Days) Immediate Predecessor task 1 Preliminary system description 40 — 2 Develop specifications 100 1 3 Client approval 50 2 4 Develop input-output summary 60 2 5 Develop alarm list 40 4 6 Develop log formats 40 3, 5 7 Software definition 35 3 8 Hardware requirements 35 3 9 Finalize input-output summary 60 5, 6 10 Analysis performance calculations 70 9 11 Automatic turbine startup analysis 65 9 12 Boiler guides analysis 30 9 13 Fabricate and ship 200 10, 11, 12 14 Software preparation 80 7, 10, 11 15 Install and check 130 13, 14 16 Termination and wiring lists 30 9 17 Schematic wiring lists 60 16 18 Pulling terminals and cables 60 15, 17 19 Operational test 125 18 20 First firing 1 19 Please find ES(earliest start time), EF(earliest finish time), LS(Latest Start), LF(Latest Finish), and slack time.
Task No. Task Name Task Duration(Days) Immediate Predecessor task 1 Preliminary system description 40 — 2 Develop specifications 100 1 3 Client approval 50 2 4 Develop input-output summary 60 2 5 Develop alarm list 40 4 6 Develop log formats 40 3, 5 7 Software definition 35 3 8 Hardware requirements 35 3 9 Finalize input-output summary 60 5, 6 10 Analysis performance calculations 70 9 11 Automatic turbine startup analysis 65 9 12 Boiler guides analysis 30 9 13 Fabricate and ship 200 10, 11, 12 14 Software preparation 80 7, 10, 11 15 Install and check 130 13, 14 16 Termination and wiring lists 30 9 17 Schematic wiring lists 60 16 18 Pulling terminals and cables 60 15, 17 19 Operational test 125 18 20 First firing 1 19 Therefore, Critical Path = 1-2-4-5-6-9-10-13-15-18-19-20 Note: tj is the original duration of task j; dj is the minimum duration of task j. Expediting Costs ($1,000) and Limits Task no.…
Remaining Time: 1 hour, 55 minutes, 58 seconds. A Question Completion Status: 1 2 3 4 6. 7. 8. 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 A Moving to another question will save this response. Quèstion 3 «< Ques 4 points Targeting is defined as evaluating each market segments attractiveness and selecting one or more segments to enter. List and briefly explain the four targeting strategies. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt 工%厄白 Q5d 州 x? X, RBC V - 田田用国田田図 P. O WORDS POW A Moving to another question will save this response. « < Ques hp
A ng.cengage.com earning Bb https://learn-us-east-1-prod-fleet01-xythos.content.blackboardcdn.com/blackboard.learn.xythos AP Q Se. E AA Review ritical Thinking Activities Module 2 Critical Thinking Activities Assignment Score: 0.00% Save Submit Assignment Questions ca2ce01h_Module2.03 « Question 3 of 5 » 1. 2. Emma Jackson is thinking of starting a retail business with two friends who have extensive experience in sales and business organization. They want to determine whether they should run the business as an e- commerce website or a brick-and-mortar store. Research the pros and cons of e-commerce for businesses o and recommend an option to Emma. 3. 4. 5. MacBook Air DII DD O O O O0
Q1: The project manager for a specific mechanical engineering project assigns 10 different activities to complete this project successfully. These activities have several immediate predecessors as it shown in the table below Most Likely (Weeks) Immediate Optimistic (Weeks) Pessimistic Activity Description Predecessor(s) (Weeks) A 4 7 10 В A 2 20 A 8. 12 16 D B 1 3 E D, C 6. 8 22 3 4 G F 2 2 2 H. F 8 10 I E, G, H 4 8 12 1 2 3 Answer the following questions and show detailed calculations. 1. Draw the project network 2. What is the expected time for activity B? [! 3. What is the variance for activity B? 4. Based on the calculation of estimated times (expected duration), what is the critical path? 5. What is the estimated time of the critical path? 6. What is the activity variance along the critical path? 7. Based on regular CPM calculations, what is the critical path? 8. What is the probability of completion of the project before week 42?
Time estimates Expected Variance Activity Optimistic Most Likely Pessimistic Time (ET) (0²) a A 31 B 44 C 48 72 D 22 34 Assume each time estimate consists of one data point Start m 40 50 60 31 b 49 56 B D End 2) What is the estimated Standard Deviation in the time for activity C? (Round to the nearest whole number) A. 0 days B. 4 days C. 9 days D. 10 days E. 33 days

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Assume that it is not known at this time who will be assigned to work on this task, calculate the effort needed for this task. ii) Interpret the difference between the standard deviation for a triangular versus a PERT estimate and provide your justification for your answer.